and like jeff gundlach said yesterday, we will see lower lows next year. >> you're probably coming into it, we had sven henrich from london, like you, in the short-term, he believes this market could pop what are you seeing that suggests that 6 to 8% end of year rally is it all technicals >> pretty much to be honest with you. you know, the aaii report came out last week and it was at the lowest level since 2013. we're also seeing, you saw the put car ratio got to 1.5 that's usually a level that signals a short-term gain. we saw a rise in the vics, it's still not, like to see it above 40 but you had breadth and the s&p 500, the advanced decline was 12 to 1 negative, not the huge extremes that we see at the bottom of the market but usually the kind that you see at a short-term bottom, and it's exactly what we saw, it's interesting, though the volume wasn't huge, it was big for a monday, and the other only day we have had volume that big, october 29th, the beginning of an 8% rally that we saw the beginning of november. >> leaving us with an optimistic note even if it's just the short-term,

thank you for bringing that to us >>> jeff gundlach said we're in a bear market and the fed shouldn't raise rates. he is right? is he wrong? what doe it mean for your investments. we'll get some advice up next on "power lunch". what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ >>> welcome back let's get straight for a news alert own netflix. >> netflix announced it hired chaning dungy. she will work closely with other big greators that netflix has hired. she joins from abc entertainment group where she ran that business for the last t

bond invtor jeff gundlach recently talk about it and jp morgan noted the economic risk due to the increase. and in an interview last night former fed chair janet yellen added her name to the list. >> corporate indebtedness is now quite high. and i think it's a danger that if there is something else that causes a downturn that high levels of corporate leverage could pro long the downturn and in to lots of bankruptcies the non-financial correspondent secretarier >> compani today carry a $9 trillion debt load compared to 4.9 trillion in 2007. that could being bee a heada for corporations should interest rates continue to rise. >>> so why are corporate debt levels rising? it i it something investors should be concerned about yet? joining us colin martin, the director of fixed income strategy at charles schwab thanks for joining us. >> thanks for having me. >> why has corporate debt gone up as much as it has in the the last decade are you nervous yet. >> we are n nervous yet. risks are growing but for now ner relatively well contained. we have seen the huge debt in corporate debt outstandin bec

disagree with that you could get another bounce i want to point out you had a guy on this week jeff gundlach and i was critical of him and he's proving to be right i wanted to get that off my chest. this is the most i've seen since the great depression or great recession where there's a lot of different temperaments and i want to cool things by saying i shouldn't have said what i said. >> he's negative, said we're in a bear market. >> i agree with him. i actually have never recommended that since 2007. i think gold works but, most importantly, cognizant of what kevin o'leary says the mixed message was hard do i want to be dependent on the fed? micron bad, carnival cruise bad, fedex bad. housing is terrible. what's working procter & gamble >> this whole notion of what the fed has done this week, jim, you've been critical of the fed, everybody knows that what do you make of powell versus williams with steve it cooled off the market but then we gave the gains and now are negative by 73 on the dow. >> we're going to go lower the fed did hike the constant we are listening, i don't want them to li

we have double line ceo jeff gundlach with scott wapner on "the halftime report."n all the news with the market this week >> so much to ask jeff about equities, corporate credit, the fed, global growth let's get to los angeles and a special "half. >>> for the first time in decades every major investment group is on track to close lower for the year stocks, bonds, commodities the markets may be at a crossroads and few people have their finger on the pulse of what could happen next like doubleline's jeffrey gundlach >> there are negative parts, unintended consequences, negative parts to this tax package pushing upward 3% will put a drag on the stock market >> today the bond king is with us live in los angeles for an hour for an exclusive interview.

stan drunken miller, jeff gundlach, just one man's opinion, that we're entering a tough time.owing down. the tax cuts are done. they didn't have the bang for the back, lasting bang for the buck we thought they would. plus you have an issue where you have potential trade war, throw that all together, and you got some nasty markets here, neil. neil: you think about it, the trade war, whether we come to that or not, resolve it or not, the underlying global economy is slowing down, particularly china, that would be a kick in the pants? just as we score a trade deal they're, you know, trying to just evaporating? >> what type of trade deal are we scoring with them? is it anything much better than we have now? listen, there is a lot to worry about here. but i would just say you can look at the glass half full, half empty. neil: absolutely. >> just let this play for a little bit. don't do anything crazy. neil: i always said, a lot of it half glass in your approach to life. >> that's me. usually the glass is full with vodka in it. just so you know. neil: not even a glass. thank you ver

jeff gundlach recalls the support of strangers. >> there were people lined up on the fence crying who thought that they had heard that it had burned. i was just, like, people i never seen before and it really just showed it was a little bit of a wake-up call like there's so much that this place means beyond just to us. >> bay area revelations, america's wine country airs this saturday at 10:00 p.m. after "saturday night live." >>> right now at 6:00, a final farewell for the 41st president. george hhw bush's body on the way to the national cathedral. >>> that passes. >> landmark sale overnight. san jose approved that high-profile google expansion. tense moments, protests, arrests and what happens now. >>> the future is here. the first-ever commercial self-driving car taking people to work. how it works and where it's happening. you know the bay area company that's driving the change. we'll tell you about it as "today in the bay" continues right now. very good wednesday morning to you. thanks for joining us. i'm laura garcia. >> i'm marcus washington. gary has the day off and vianey is

we have double line ceo jeff gundlach with scott wapner on "the halftime report." it will be a big one given all the news with the market this week >> so much to ask jeff about equities, corporate credit, the fed, global growth let's get to los angeles and a special "half. >>> for the first time in decades every major investment group is on track to close lower for the year stocks, bonds, commodities the markets may be at a crossroads and few people have their finger on the pulse of what could happen next like doubleline's jeffrey gundlach >> there are negative parts, unintended consequences, negative parts to this tax package pushing upward 3% will put a drag on the stock market >> today the bond king is with us live in los angeles for an hour for an exclusive interview. here's scott wapner with jeffrey gundlach >>> welcome to los angeles jeffrey, thank you for having us back >> welcome to doubleline >> almost a year to the day we were last with you >> i think it was december 13th last year. >> that's right. we're still volatile in the market today is another repre

of warnings against tightening, they have been mounting from high-profile investors including jeff gundlachre anticipating a hike tomorrow. let's welcome our guest. have you with us. the superlatives are flashing around the newsroom, we put it in a chart, a little perspective for you, the s&p breaking its lowest level. this is the worst index on target globally this year. likeve not seen a deck this since 1931. healthy croissant -- healthy catharsis or are we adjusting to a new paradigm of volatility? guest: we are going back to traded forw markets 2 or 15 years prior to 2007, thousand eight. that is how i am looking at the markets. it is a good environment to be long risk assets. though --entals even it will come into the 3.5 or 3.6 level. it is still a good environment given that inflation is benign to be long risk assets. this is a healthy correction. everyone was concerned with their having not been a correction last year. now that we have had when people do not like it. , think this is if i look at something was interesting over the weekend. barons came out and forecast s&p up 10%, gol

house tried adviser peter navarro will join santelli plus, wapner will sit down exclusively with jeff gundlachwk on the street" is back in a moment. >>> the best performing sector this year catching a cold in the last few weeks find out what that is and why some are calling it a buying opportunity on tradingnation.cnbc.com more "squawk on the street" coming up. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> rick san telly a special edition of the santelli exchang exchange. >> i'd like to welcome white house trade policy director peter navarro. >> thank you. >> when you and your boss donald trump look at the way the stock markets have been behaving since october, all three indices doing better than their counterparts but down on the year, what do you see is the order of culprits that are giving us this volatility and questioning what had been the recovery and a solid stock market backed up by a solid economy. >> i don't know if you can call it a culprit but i think the predom

jeff gundlach said the fed is on a suicide mission where the testify stitt increased as a share of gdpaying the fed would be foolish to raise rates next week so should the fed indeed raise rates in december joining us is peter boockvar and chris thornburg. thanks, guys, for being here peter, the world still believes the fed is going to lift rates, at least once more in december does it make sense to go through with that? by the way, the economic data is conflicting. i guess, we probably shouldn't present it as if it's kind of -- it's kind of a one-way story that they in fact don't have the evidence to do that. so what do you think is going to happen, peter? >> right, it's extraordinarily a tough decision but let me preface my answer that it's obvious the fed missed the window when you're at the inflation target, you should be at the level of interest rates where you want to eventually be. that's 3, so if they would have started earlier they would be here today and it would be a much easier decision to make the second thing that i want to say is the fed is in a no-win situation. they ca

. >> i agree agree with both jeffs, jeff sherman and jeff gundlach, that there has been a switch and he's gone towards the modeling side. he spent a lot of time weaning us off the models at jackson hole and now has brought us back to the models. the mods else are just failures and there's very little sign that inflation is accelerating even at a 3.7% unemployment rate and that's an easy thing to push away like greenspan did in the '90s, you know what, we don't trust these med else anymore we're flying had a little bit by our seat of the pants. do what we did in the late '90s, see a lot of similarities to the late '90s. let's let it goed a we're sort of hoping to hike twice next year if anything goings well and if everything falls apart, it may be like '95 and '98 we may need to bring some eases back to the table. that would have been the easy way. >> we're all reacting like this because we've seen the s&p move 2.5% inthat day but it's not like gdp growth has moved 2.5% down hits job is not to manage the equity markets. >> i agree, we would rather him focus on the economy which is sho

gundlach or lee? >> i will go with lee but i respect what you and jeff were talking about yesterday. to joe's point, it is sentiment. it is also that there is not just a buyer's strike, to your point, joe, about liquidity. i agree with that and you're citing goldman on that i also see, judge, a stock like oracle oracle i was buying into the close yesterday that came out with what i thought were good numbers, stocks up 6%, 7% in the premarket. now it's barely holding on to a 1% gain. they come out and hit anything that comes out regardless of what they say about how things are looking. this was on a positive guide. >> like a bear market looks. right? >> mark fischer says it all the time bad news, good reaction. that's one market you can trade. >> i think there are great stats, i want to make two observations i don't think it's a permanent impairment cost to capital hasn't changed it's just been withdrawn >> it's been withdrawn by the four largest central banks who have taken their balance sheet as you know from 7 trillion up to 17 trillion and now they're pulling back and they're stil